I received a 1099-R for my state of FL retirement payment. TurboTax asked if this plan is qualified or nonqualified. I said qualified. Next TurboTax page says because I am over 70 1/2, I need to take a required minimum distribution from this plan. Then TT asks, Was this withdrawal an RMD for 2013, giving options yes, some or all was RMD, or "No, none of this withdrawal was an RMD. (This is not common.)"
I did not think such regular state-determined payments were RMDs, but I did not want to say "No" because all state retirees are in same boat so such withdrawals would be "common."
Are payments from state retirement plans considered RMDs?
Thanks. Don